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Bonelaw Client Studio Bank Takes Steps Towards Formation

Congratulations to our client, Studio Bank (In Organization), whose incorporators this week filed notice with the Tennessee Department of Financial Institutions of its intent to apply for a banking charter. Charles W. Bone, Trace Blankenship, and Chris Raybeck, members of Bone McAllester Norton’s Corporate and Banking/Financial Services teams, serve as corporate counsel to the new bank in organization and have been working closely with Aaron J. Dorn and the other founders for over a year on this exciting new chapter in the history of Tennessee’s banking industry. Among other things, the Bone McAllester team has provided guidance to the founders on strategic matters, board composition and governance, securities offerings and capitalization, and real estate negotiations. This is the first regulatory filing in the process of becoming a bank and opening their doors for business. Studio Bank (In Organization) would be the first true de novo headquartered in Nashville since 2008 – one that is not part of a corporate reorganization, merger or acquisition.

Bone McAllester Norton’s banking and financial services group has a diversified and comprehensive financial services practice representing all types of financial institutions and working with management on virtually any business issue that a financial institution may encounter. Our lawyers have been providing advice to banks, bank holding companies, mortgage companies, and all types of financial institutions throughout Tennessee and the southeast for some 40 years.

Bone McAllester Norton PLLC is a midsized Nashville law firm located in downtown Nashville, Sumner County and Williamson County. Our firm traces its roots to 1978, when Charles Bone, Sam McAllester and Mike Norton first joined together to practice law. More than two decades later, in 2002, these lawyers, along with Stacey Garrett Koju, realized their shared vision of an entrepreneurial law firm, in which attorneys could bring their expertise and passion for the law into an environment focused on high quality work, client satisfaction and community involvement. The result of this vision is Bone McAllester Norton.